Talent

The EVP -- It's a Tool: Use It [SLIDESHOW]

Nov. 26, 2013

Why the employee value proposition matters, characteristics of healthy ones, and ways to improve your company's EVP.

Every manufacturing company has an employee value proposition, whether they choose to call it by that familiar HR buzzword or not. Unfortunately, a lot of manufacturers don't put their EVPs to good use. In fact, more than half of companies fail in this regard, according to a recent survey by Towers Watson, the New York-based global consulting and professional services company.

This gallery explains why the employee value proposition is important, lists characteristics of healthy EVPs, and suggests ways to improve your company's proposition.

For more on employee value propositions and Towers Watson's survey, read "A Proposition: Make More Effective Use of Your EVP."

About the Author

Pete Fehrenbach | Pete Fehrenbach, Associate Editor

Focus: Workforce | Chemical & Energy Industries | IW Manufacturing Hall of Fame

Follow Pete on Twitter: @PFehrenbachIW

Associate editor Pete Fehrenbach covers strategies and best practices in manufacturing workforce, delivering information about compensation strategies, education and training, employee engagement and retention, and teamwork. He writes a blog about workforce issue called Team Play.

Pete also provides news and analysis about successful companies in the chemical and energy industries, including oil and gas, renewable and alternative.

In addition, Pete coordinates the IndustryWeek Manufacturing Hall of Fame, IW’s annual tribute to the most influential executives and thought leaders in U.S. manufacturing history.